For all of 2022, exports were worth $291.98 billion, a historic high for annual shipments and 26.07% higher than in 2021.

Specifically, the industrial output of manufacturing increased by about 3.1 percent last year, according to the ministry.

Most of the capital goods in China posted lower prices in late December compared with mid-December of 2022, official data shows.

Payment clearing and reconciliation services company BankservAfrica's Economic Transactions Index (BETI) for December 2022 improved despite the ongoing, dismal economic context, rising to 132.1 following six consecutive months of declines in the index.

US steelmaker Nucor has kept its plate pricing flat, a month after it dropped prices by triple digits.

Overseas demand for Japanese ferrous scrap is likely to recover in 2023, while stronger domestic consumption and slower scrap generation in the country limit availability for exports.

Steelmaker Nucor rolled its first plate at its new mill in Brandenburg, Kentucky.

A year ago the spread was $1,058/st as HRC prices were plunging from record-high levels.